2014-01-15T06:35:21-06:00 2013-03-31 BDO USA LLP 8405 GREENSBORO DRIVE 7TH FLOOR MCLEAN VA 22102 990 2012-04-01 311713618 VENTURE PHILANTHROPY PARTNERS Inc % ELEANOR RUTLAND VENT 2022634790 1201 15TH STREET NW Suite 510 WASHINGTON DC 20005 ELEANOR RUTLAND 2022634790 2014-01-14 true Jeffrey J Schragg 7038930600 2012 2015-11-30 17:44:51Z CAROL THOMPSON COLE 1201 15TH STREET NW STE 510 WASHINGTON DC 20005 12516475 false X WWW.VPPARTNERS.ORG X 2000 DE PROVIDES GROWTH CAPITAL AND STRATEGIC ASSISTANCE TO BUILD, STRENGTHEN, AND SCALE HIGH POTENTIAL COMMUNITY-BASED ORGANIZATIONS SERVING THE NEEDS OF CHILDREN OF LOW-INCOME FAMILIES IN THE NCR. 22 21 17 24 0 3653734 4225387 0 0 138665 141088 0 0 3792399 4366475 4602108 5859292 0 0 2096980 2387668 0 0 482287 1170639 1385667 7869727 9632627 -4077328 -5266152 26474638 21340531 276741 657047 26197897 20683484 X MISSION: VPP, A NONPROFIT PHILANTHROPIC INVESTMENT ORGANIZATION, INVESTS IN HIGH-PERFORMING NONPROFIT ORGANIZATIONS THAT ARE SERVING THE CORE HEALTHY DEVELOPMENTAL, LEARNING, AND EDUCATIONAL NEEDS OF CHILDREN FROM LOW-INCOME FAMILIES IN THE NATIONAL CAPITAL REGION. VPP PROVIDES SIGNIFICANT, GROWTH CAPITAL INVESTMENTS AND AUGMENTS THOSE FUNDS WITH STRATEGIC, NON-FINANCIAL RESOURCES TO HELP LEADERS GROW THEIR ORGANIZATIONS IN SIZE, STRENGTH, AND COMMUNITY IMPACT. AND BY DEMONSTRATING THE VALUE OF THIS APPROACH, VPP SEEKS TO INSPIRE PHILANTHROPISTS, CORPORATE AND NONPROFIT LEADERS, AND PUBLIC POLICYMAKERS TO HELP INCREASE THE EFFECTIVENESS AND THE FLOW OF CAPITAL, TALENT, AND OTHER RESOURCES TO NONPROFIT ORGANIZATIONS SHOWING THE GREATEST POTENTIAL FOR IMPROVING THE LIVES OF CHILDREN. ORGANIZATION AND HISTORY: VENTURE PHILANTHROPY PARTNERS, INC. (VPP) WAS INCORPORATED ON MAY 23, 2000, IN THE STATE OF DELAWARE. VPP, A NONPROFIT PHILANTHROPIC INVESTMENT ORGANIZATION, PROVIDES GROWTH CAPITAL false false 5859292 5859292 Grant Program Expenses: VPP provides philanthropic investments to organizations (investment partners) for the purpose of helping high-quality nonprofit organizations impact the lives of more children and youth. VPP disburses funds to investment partners to provide financial support to help leaders build and strengthen VPP behind their programs, often referred to as "organizational capacity." VPP supports this type of capacity with large-scale, multi-year funding. VPP's youthCONNECT investment supports specific programmatic elements of nonprofit organizations to provide education, social services and job training to low-income youth ages 14-24. youthCONNECT will also support the collaboration of this portfolio of organizations to demonstrate greater impact in the National Capital Region through collective action. LEARN MORE AT: http://www.vppartners.org/portfolio/youthconnect. AFTER THE CLOSE OF VPP'S FIRST FUND, A STUDY WAS PRODUCED ON THE RESULTS OF EACH OF ITS INVESTMENTS, AS WELL AS VPP'S PERFORMANCE AS A HIGH ENGAGEMENT, PHILANTHROPIC ORGANIZATION. LEARN MORE AT: HTTP://WWW.VPPARTNERS.ORG/RESULTS/REPORTS/VPP-PERFORMANCE-CULTURE. AFTER THE CLOSE OF EACH INVESTMENT PARTNERSHIP IN ITS FIRST PORTFOLIO, VPP PRODUCED CASE STUDIES BASED ON ITS RELATIONSHIP WITH THE NONPROFIT, HIGHLIGHTING ACCOMPLISHMENTS, CHALLENGES AND LESSONS LEARNED DURING THE ENGAGEMENT. SEE THE CASE STUDIES HERE: HTTP://WWW.VPPARTNERS.QRG/LEARNING/STORIES. TO HIGHLIGHT THE IMPACT VPP HAS ON INDIVIDUAL YOUTH THROUGH ITS INVESTMENTS, STORIES ARE GENERATED ON THE YOUTH THAT THE INVESTMENT PARTNERS SERVE. READ THOSE STORIES HERE: HTTP://WWW.VPPARTNERS.ORG/LEARNING/VOICES-YOUTH. 2081945 Investment Practice: An important element and distinction of the work of VPP is its approach to identifying, selecting and engaging its investment partners. The VPP team, consisting of people with experience in management development and building organizations, is responsible for sourcing candidates, evaluating prospective organizations for investment, and supporting them for the duration of the investment partnership. The VPP team works directly with its investment partners to serve as a combination of strategic advisor, executive coach, change agent, funder, board member and consultant with the goal of helping great leaders build stronger, more effective organizations. 1007526 Strategic Communications, Investor Relations and Field-building: A key element to the strategy of extending the impact of the work of VPP is to capture, codify, and share the lessons and experiences of VPP's philanthropic work with an extended community of philanthropists and practitioners. VPP devotes specific resources to formalizing and sharing its investment practice, approach, and processes. VPP coalesces the individuals, families, foundations, and corporate supporters into a community of donors, committed to making their philanthropy and civic engagement more effective. VPP creates venues for engagement and exchange - to build a community of investors committed to advance their own philanthropy and shared interests. VPP publishes reports and provides research for the benefit of those who are involved in the nonprofit sector as service providers and philanthropists. These reports survey the fields of venture philanthropy and high-engagement grant-making, address critical issues facing the nonprofit sector, and offer new research and resources to advance management practices in the sector. In September 2012, VPP released the first comprehensive report of challenges facing children and youth throughout the National Capital Region. LEARN MORE AT: http://capitalkidsreport.org/. In 2011, VPP Chairman authored Leap of Reason: Managing to Outcomes in an Era of Scarcity, published by VPP. LEARN MORE AT: http://www.vppartners.org/leapofreason/overview. In January 2013, the youthCONNECT network released its first in a series of case studies, youthCONNECT: A (Net)Work in Progress. The case study describes the collaborative process and resulting Common Outcomes Framework developed by network. LEARN MORE AT: LEARN MORE AT: http://www.vppartners.org/portfolio/youthconnect/learning. 8948763 true true false false false false false false false false true false false false false true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 19 0 true 17 true false false false false false false false false false false X 22 21 false false false false false false false true true false false true true true true true true true true false X ELEANOR RUTLAND 2022634790 1201 15TH STREET NW STE 510 WASHINGTON DC 20005 CAROL THOMPSON COLE 40.0 X X 311013 0 987 ROBERT BOISTURE 1.0 X 0 0 0 DAVID BRADT 1.0 X 0 0 0 JACK DAVIES 1.0 X X 0 0 0 WILLIAM DUNBAR 1.0 X 0 0 0 KRISTIN EHRGOOD 1.0 X 0 0 0 RAUL FERNANDEZ 1.0 X 0 0 0 MICHELE HAGANS 1.0 X 0 0 0 ART MARKS 1.0 X 0 0 0 MARIO MORINO 1.0 X X 0 0 0 BRIG OWENS 1.0 X 0 0 0 LES SILVERMAN 1.0 X 0 0 0 ED SKLOOT 1.0 X 0 0 0 GABRIELA SMITH 1.0 X 0 0 0 EARL STAFFORD 1.0 X 0 0 0 ROBERT TEMPLIN 1.0 X 0 0 0 Frank LaPrade III 1.0 X 0 0 0 TERRI FREEMAN 1.0 X 0 0 0 CHARITO KRUVANT 1.0 X 0 0 0 BILL SHORE 1.0 X 0 0 0 RALPH SMITH 1.0 X 0 0 0 EUGENE STEUERLE 1.0 X 0 0 0 DAVID LAWSON 1.0 X 0 0 0 Lynn Taliento 1.0 X 0 0 0 Rob Bertrand 1.0 X 0 0 0 ELEANOR RUTLAND 40.0 X 207643 0 23857 SHIRLEY MARCUS ALLEN 40.0 X 196737 0 24812 AYO ATTERBERRY 40.0 X 105656 0 1240 MARCI YOUNG 40.0 X 180820 0 14113 LESLIE AUN 40.0 X 121637 0 5844 MARC SCHINDLER 40.0 X 196635 0 19365 1320141 0 90218 7 false true false Child Trends 7315 WISCONSIN AVENUE BETHESDA MD 20814 EVAL CONSULTING 200587 MONITOR INSTITUTE PO BOX 7247-6447 PHILADELPHIA PA 19170 STRATEGY Consulting 298257 HOME FRONT 121 14TH STREET NW WASHINGTON DC 20005 COMM CONSULTING 100726 3 1646505 2578882 10310 4225387 0 136785 136785 0 0 0 0 0 8154303 8150000 4303 4303 4303 0 0 0 0 4366475 141088 5859292 5859292 0 0 0 0 0 0 543500 357066 123603 62831 0 0 0 0 1202392 789860 273544 138988 41818 27532 9441 4845 480748 316513 108540 55695 119210 78485 26914 13811 0 0 0 0 808 0 808 0 39861 0 39861 0 0 0 0 0 0 0 0 0 0 0 764435 757050 0 7385 0 0 0 0 37614 757 36804 53 0 0 0 0 0 0 0 0 261170 171948 58965 30257 73221 53592 13910 5719 0 0 0 0 19166 18614 552 140 0 140 0 0 0 0 0 47510 0 47510 0 7916 0 7916 0 MEMBERSHIP DUES 15575 15575 0 0 INDIRECT ALLOCATION EXPENSES 468695 -551169 82474 RESOURCE DEVELOPMENT 74350 1941 0 72409 EVENTS/CONVENINGS 29386 29386 0 0 14515 2457 4790 7268 9632627 8948763 201577 482287 298035 72804 2113848 4724540 4450335 3771201 175104 397748 0 0 0 0 0 0 0 0 1595 595 202777 56732 29053 146045 19231316 12161947 0 0 0 0 0 0 175352 65651 26474638 21340531 270609 501807 0 0 6132 155240 0 0 0 0 0 0 0 0 0 0 0 0 276741 657047 X 23532700 18392250 2665197 2291234 0 0 26197897 20683484 26474638 21340531 X -5266152 -23823 -224438 X false true X true true true X 7580349 2653662 3992331 3653734 4225387 22105463 0 0 7580349 2653662 3992331 3653734 4225387 22105463 5808639 16296824 334911 231505 266006 132135 136785 1101342 0 0 23206805 0.70224 0.86243 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128476 13273 115203 33194 26024 7170 41107 17435 23672 146045 0 0 4342652 -23823 -23823 4366475 4366475 9857065 224438 224438 9632627 9632627 Fin 48 ForM 990, Schedule D, Part X, LINE 2 VPP IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND FROM DISTRICT OF COLUMBIA FRANCHISE TAX UNDER APPLICABLE TAX REGULATIONS. VPP IS NOT A PRIVATE ORGANIZATION PURSUANT TO SECTION 509(A)(1) OF THE IRC. In accordance with authoritative guidance issued by the Financial Accounting Standards Board (the FASB), VPP recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. To the extent that the final tax outcome of any such matters is different than any amounts recorded, such differences would impact income tax expense in the period in which such determination is made. Interest and penalties, if any, related to accrued liabilities for potential tax assessments are included in income tax expense. With few exceptions, VPP is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years ended March 31, 2009 and prior. Management has evaluated VPP's tax positions and has concluded that VPP has taken no material uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. OTHER EXPENSES RECONCILIATION FORM 990, SCHEDULE D, PART XII, LINE 2D PROVISION FOR UNCOLLECTIBLE PLEDGES = $224,438 true Year Up 1560 wilson blvd ste 350 boston MA 02110 043534407 501(c)(3) 1225871 FUND INITIATIVES KIPP DC 1003 K St NW ste 700 washington DC 20001 742974642 501(c)(3) 2549626 FUND INITIATIVES LATIN AMERICAN YOUTH CENTER 1419 COLUMBIA RD NW WASHINGTON DC 20009 521023074 501(C)(3) 485838 FUND INITIATIVES Urban Alliance 2030 Q Street NW washington DC 20036 521938443 501(c)(3) 743030 FUND INITIATIVES College Summit 1763 columbia rd nw washington DC 20009 522007028 501(c)(3) 290341 FUND INITIATIVES Metro TeenAIDS 651 PENN AVE SE WASHINGTON DC 20003 521610088 501(C)(3) 339587 FUND INITIATIVES 6 Monitoring the use of grants Form 990, schedule I, part I, line 2 VPP monitors the use of grant funds on a quarterly basis PER END, MONTHLY FOR FEDERAL FUNDS, to ensure that funds Are used to advance the mutually agreed upon milestones that are a part of the investment agreement with the portolio organization. X X X X X X false false false false false false false false false CAROL THOMPSON COLE 311013 0 0 0 0 0 0 0 987 0 312000 0 0 0 ELEANOR RUTLAND 206643 0 0 0 1000 0 22500 0 1357 0 231500 0 0 0 SHIRLEY MARCUS ALLEN 195737 0 0 0 1000 0 21800 0 3012 0 221549 0 0 0 MARCI YOUNG 179820 0 0 0 1000 0 13333 0 780 0 194933 0 0 MARC SCHINDLER 195635 0 0 0 1000 0 15000 0 4365 0 216000 0 0 0 CONFLICT OF INTEREST FORM 990, PART VI, LINE 12C AT THE ANNUAL MEETING EACH YEAR, THE OFFICERS, DIRECTORS AND KEY STAFF ARE PRESENTED WITH THE CONFLICTS OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY RELEVANT AFFILIATIONS AND POTENTIAL CONFLICTS. IN ADDITION, IF A POTENTIAL CONFLICT EXISTS FOR A VOTING BOARD MEMBER RELATED TO A PARTICULAR INVESTMENT PORTFOLIO ORGANIZATION, THE BOARD MEMBER RECUSES THEMSELVES FROM ANY VOTE/DECISION THAT MAY BE PERCEIVED AS A CONFLICT. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B VENTURE PHILANTHROPY PARTNERS' (VPP'S ) MANAGEMENT GATHERS THE INFORMATION NECESSARY TO COMPLETE FORM 990 AND PROVIDES THAT DATA TO ITS AUDITORS AND TAX ADVISORS TO PREPARE FORM 990. WHEN PREPARATION IS COMPLETE, VPP'S MANAGEMENT AND AUDIT COMMITTEE OF THE BOARD REVIEW THE DRAFT FORM AND PROVIDE FEEDBACK. THE FINAL FORM 990 IS PROVIDED TO THE ENTIRE BOARD BY EMAIL PRIOR TO FILING IT WITH THE INTERNAL REVENUE SERVICE. AVAILABILITY OF OTHER DOCUMENTS FORM 990, PART VI, LINE 19 VPP DOES NOT REGULARLY PUBLISH ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS, BUT THE ORGANIZATION MAKES SUCH DOCUMENTS AVAILABLE IF A REQUEST IS MADE BY A MEMBER OF THE PUBLIC. Process for determining compensation FORM 990, PART VI, Line 15b IN FEBRUARY 2007, VPP ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO PERFORM A STUDY OF THE REASONABLENESS OF COMPENSATION PAID TO THE PRESIDENT/CEO AND OTHER SENIOR STAFF. THE STUDY INCLUDED A COMPARISON OF VPP TO PEER ORGANIZATIONS AND WAS PERFORMED IN SUCH A WAY AS TO MEET THE REBUTTABLE PRESUMPTION OF REASONABLE COMPENSATION STANDARD. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWED THE STUDY, AND THE FULL BOARD APPROVED OF THE STUDY AND AGREED UPON COMPENSATION. THE BOARD REVIEWS AND APPROVES THE PRESIDENT/CEO'S COMPENSATION ON AN ANNUAL BASIS. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 PROVISION OF UNCOLLECTIBLE PLEDGES = $224,438